Business Innovation and Investment (Provisional) visa (subclass 188B)
This provisional visa requires you to invest at least AUD1.5 million in an Australian State or Territory and maintain business or investment activity in Australia.
With this visa you can
- carry out business and investment activity in Australia
- bring eligible members of your family with you
- apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream if certain requirements are met
Eligibility
- make an investment of AUD1.5 million in an Australian State or Territory
- score at least 65 on the points test
- have net business, investment and personal assets of at least AUD2.25 million
Length of Stay
Up to 4 years and 3 months.
Cost
From AUD5,375
Processing Time
There are no standard processing times available for this stream.
Business Innovation and Investment (Permanent) visa (subclass 888B)
This visa lets you continue your investment activities in Australia permanently.
With this visa you can
- continue your investment activities started under your Business Innovation and Investment (Provisional) visa
- stay in Australia permanently
- work and study in Australia
Eligibility
- hold a Business Innovation and Investment (Provisional) visa in the Investor stream
- meet certain investment requirements related to your provisional visa
- have a current nomination from an Australian state or territory
Length of Stay
Permanently
Cost
From AUD2,590
Processing Time
There are no standard processing times available for this stream
